Hwaseong-si Establishes Crowdfunding Booth to Expand Market Channels for Social Enterprises

'2024 Hwaseongeseoon Funding' Opens on OhmyCompany
Funding for Products from 6 Companies and Chuseok Gifts Until the 20th of Next Month

Hwaseong City in Gyeonggi Province announced on the 21st that it will operate a dedicated section for the '2024 Hwaseong City Social Economy Crowdfunding' on the crowdfunding platform OhmyCompany until the 20th of next month to support the capacity building and market expansion of social economy enterprises in the city.

Crowdfunding is a method of raising funds from a large number of people by offering products through an online platform. This event was organized to attract small investments for social economy enterprises that require initial capital for prototype development and to strengthen their self-sustainability.

At the dedicated section hosted by the Hwaseong Social Economy Support Center, funding will be conducted during the event period for new products such as agricultural products, processed foods, and miscellaneous goods from six local social economy enterprises, as well as Chuseok gift sets. The center plans to promote the excellence of new products developed by local social economy enterprises through this funding operation and to expand accessibility to local citizens through Chuseok gifts.

Lee Young-hee, head of the Social Economy Division of Hwaseong City, said, "This crowdfunding will not only verify the marketability of products from local social economy enterprises but also provide an opportunity to raise funds," adding, "We hope it will serve as a chance to increase consumer awareness of social economy enterprises and spread recognition of the social economy."